Guys,
Attached is a translated article from Tradingsat.com
Transgene: The signing of the partnership expected "within days"
http://www.tradingsat.com/actu-bourse-140883-TNG.html
Read this news directly http://www.tradingsat.com
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Transgene: The signing of the partnership expected "within days"
Friday, January 29, 2010 at 12:23
(Tradingsat.com) - Indifferent to jolts of Parisian market, the action Transgene climbed 3.5% Friday after having already gained 2.1% yesterday. Expectations vis--vis the signing of a partnership for immunotherapy product TG4010 are becoming stronger.
"The announcement should be made in the coming days," says Peter Corby, analyst at Aurel, contacted by Tradingsat, which has just raise its price target on Transgene 22.5 to 26 euros.
The CEO of Transgene, Philippe Archinard, and CFO, Philippe Poncet, he recently contacted him because they said the partnership was "almost complete", with "big pharma".
According to Peter Corby, "the financial terms and conditions are defined. Most important, Transgene has obtained rights to co-TG4010 for marketing in Europe and some Asian countries.
The milestones, royalties, and other indications for which the TG4010 can be effective beyond the initial indication of lung cancer non-small cell "are already established. "Other cancers for which TG4010 could be effective are cancers expressing MUC 1 antigen such as breast, prostate, stomach or kidney cancer," explains the analyst.
Do not stay longer to complete the legal aspects of the agreement, notammment insurance for breach etc. ...
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